Kamis, 26 April 2018

Download Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing

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Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing

Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing


Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing


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Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing

Amazon.com Review

Sheridan Anderson, self-described "foe of the work ethic," has put together an illustrated guide to "the art of fly fishing on moving water" that one must see to fully appreciate. There is much wisdom in this introduction to a difficult sport, all presented in a large cartoon format. Like William Nealy's Kayak, Anderson takes advantage of his multimedia approach to explain aspects of fly-fishing, through both words and drawings, that might otherwise be lost on the neophyte. All this is conveyed with a good sense of humor, something beginning fly-fishers need in abundance.

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Product details

Paperback: 48 pages

Publisher: Frank Amato Pubns; Revised Edition edition (June 1, 1978)

Language: English

ISBN-10: 0936608064

ISBN-13: 978-0936608068

Product Dimensions:

8.5 x 0.2 x 11 inches

Shipping Weight: 7.2 ounces (View shipping rates and policies)

Average Customer Review:

4.7 out of 5 stars

160 customer reviews

Amazon Best Sellers Rank:

#40,019 in Books (See Top 100 in Books)

Clear concise guide to all aspects of learning to fly fish. A handy reference for the veteran. Print and drawings are bold enough to be read by the light of a campfire. Goes with me in my fishing bag everywhere I fish. Have had mine since the 1980s. A friend recently got interested in fly fishing so I sent him one. He liked it so much, he bought 2 for friends.Pros:-Bold print and drawings great for aging eyes by the campfire-great for the novice for gear selection, rigging, stalking (yes stalking) and cleaning fish)-durable magazine sized pages take lots of finger-lickin' going through them over 30 years.Cons:Doesn't rig your gear or catch your fish for you

The Curtis Creek Manifesto is book about the basics of fly fishing written in a humorous, cartoon-like style that probably will appeal to younger (read teens and pre-teens) than adults. However, adults don't let that fool you; if you interested in learning to fly fish this is a pretty good primer for a reasonable price. I think the only one better that is written in a similar style is 'Everyone's Illustrated Guide to Trout on a Fly'; unfortunately the latter is out of print best I can tell. Most topics are handled in a single page or at most 2 (Fly tying does rate 4 pages; by far the most to any topic); again this is an introduction, not a thorough instruction. Topics include among others, casting, flies, trout food, hooking and landing, equipment, basic fishing styles, reading a stream; even esoteric things like cleaning and cooking, the priorities of fishing for trout with a fly rod, the 'eleven commandments', and 'tickling' for trout ('fishing' with bare hands). The 4-star rating comes from the fact that the book was published in 1978; while some parts of the sport have changed little in several hundred years, other have, including newer equipment and materials. I recommend this book to those who are looking for a gift for a younger child/friend/sibling (or an adult that still reads Batman comic books) who are newly interested in fly fishing.

Heard about this book from numerous forums on fishing websites so I decided to pick it up. It's perfect for people who are just starting to pick up fly fishing. It is really easy to understand, explains topics thoroughly and the best of all, it is friendly to all ages of fishermen (or fisherladies). I'm 21 and handed it off to my 62 year old father after I read it, and he enjoyed it just as much. A great follow-up is the Orvis Fly-Fishing Guide.

Over the past several years, I must have given close to a dozen copies of this book away. It's essential equipment for anyone who's picked up his or her first fly rod and is taking those first steps into the world of fly fishing -- clear, entertaining, and funny. The late Sheridan Anderson -- self-described "eternal foe of the work ethic" -- has ingeniously made fly fishing approachable for decades of prospective anglers. Simply a classic. As the title suggests, the book concentrates on the skills most useful on small streams and creeks, where one is often very close to the trout . . . and where finesse in presenting the fly always trumps distance and power. It's also where one learns to be sneaky, and eventually master the "Curtis Creek crawl." It's hard to say it any better than Anderson: "A frightened fish cannot be caught."The book is full of similar nuggets of wisdom and wonderfully wacky illustrations, penned the author himself. If fly fishing can change your life, you won't find a better place to start.

Don't listen to the (very) few detractors of this book. While some mentions of tackle and tippet strength in this book are dated (it was written in the 70's), everything else is dead on for what you need to catch wild trout in the mountains, East or West (or upper Mid-West for that matter). This book succinctly covers the fundamentals of trout fishing such as stealth, locating prime fish lies, casting, knots, and gear basics. This book should be required reading for any beginner, and even experienced anglers should own it because it contains fundamentals we fishermen always seem to forget. True, this book won't tell you how to catch fish on the Dream Stream, or how to rig that hot 10-fly french nymphing rig for your 11 foot 2 weight rod everyone is talking about these days, but those skills are outliers in the grand scheme of things.This book gives you the basic skills to catch trout in moving water almost anywhere. Read it, and give it to someone else who is getting started.

IF THERE IS A BETTER INTRODUCTORY BOOK ON FLY FISHING, I'VE NEVER SEEN IT. I think this is basically what Yvon Chouinard is saying in his new book; the basics are all you need to start and that platform is sufficient to take you as far as you want to go, if you commit to learning as you go. It's not about the fancy gear and having an encyclopedia of flies to choose from; it's about knowing where the fish are, how they are feeding and technique plus practice

Book was informative and helpful in learning. At first I was put off by the "comic" style writing and illustrations in the book, thinking I had purchased a book meant to teach children, but you quickly realize that the illustrative writing is key to helping you make sense of knots, casts, and flies without confusing you. Good purchase.

I been recommending this book for 30 years to everyone who questions me about fly fishing and how to get started, this book is fun to read and and has excellent information and knowledge for a beginner who wants to get a quick know how in fly fishing

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Curtis Creek Manifesto: A Fully Illustrated Guide to the Stategy, Finesse, Tactics, and Paraphernalia of Fly Fishing PDF
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Rabu, 25 April 2018

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You say the two of you have lived in Chicago long enough to have forgotten how to have a good time? Or maybe you're taking your first trip to the Windy City - in tandem? Don't waste precious time looking in all the wrong places. This true insider's guide reveals great nightlife, romantic hotels, intimate restaurants, and much more. Whatever your style, taste, and budget, you'll find the perfect places in and around the city. Follow detailed and entertaining itineraries for a much needed getaway together, or use the At-a-Glance boxes for quick ideas on how to spend a morning, afternoon, or evening that's fit for love in this world-class city.

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Product details

Series: Romantic Days and Nights Series

Paperback: 276 pages

Publisher: Globe Pequot; 2nd edition (December 1, 1998)

Language: English

ISBN-10: 0762702885

ISBN-13: 978-0762702886

Product Dimensions:

0.8 x 7 x 7.5 inches

Shipping Weight: 1 pounds

Average Customer Review:

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Amazon Best Sellers Rank:

#8,882,384 in Books (See Top 100 in Books)

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Selasa, 17 April 2018

Download Ebook The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster (Studies in Macroeconomic History), by Laurence M. Ball

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The Fed and Lehman Brothers: Setting the Record Straight on a Financial Disaster (Studies in Macroeconomic History), by Laurence M. Ball

Review

'What caused the financial crisis of 2008? Are policymakers ready to handle the next one? These are key questions for anyone interested in economic history and policy. In the past decade, a conventional wisdom has developed about the answers. Yet a new book questions that orthodoxy, offering a more disturbing perspective on the past and a less sanguine prognosis for the future.' The New York Times'Ten years after the Lehman Brothers collapse, one might think that it's time to end the debate over its causes. Laurence M. Ball, an economics professor at The Johns Hopkins, doesn't agree. He makes a persuasive case that a key lesson remains overlooked: that the Lehman failure and the market crash that followed didn't have to happen and that the political response, the 2010 Dodd-Frank banking law, has made future financial crises more likely, not less ... Mr Ball's argument that Dodd-Frank contains the seeds of further politically motivated fiascoes is persuasive - and worrisome.' Wall Street Journal'Laurence M. Ball has produced a brilliant and riveting study of the most important moment of modern financial history: the failure of Lehman Brothers in September 2008. In a remarkably detailed and careful analysis Ball argues that decisions were driven by politics rather than sound policy. In short, this is a must-read masterpiece of financial and historical analysis.' Jeffrey Sachs, Columbia University, New York'Government failure to rescue Lehman Brothers investment bank, and its bankruptcy in September 2008, precipitated a monumental financial crisis. Laurence M. Ball combs through a mass of documents, and presents a new and quite disturbing perspective on the events. Some may disagree with his take, but it is a milestone in the historical analysis of the crisis.' Andrei Shleifer, Harvard University, Massachusetts'A monumental piece of scholarship that is essential for understanding the financial crisis of 2008 - and the Great Recession that followed. Meticulous, gripping, and compelling.' David Romer, Herman Royer Professor of Political Economy, University of California, Berkeley'With unprecedented and exciting investigative research, Laurence M. Ball convincingly puts forth an important new view of the financial crisis, uncovering fundamental inconsistencies in the government's often-told story of its role in the Lehman Brothers bankruptcy and the panic of 2008. He shows that the Fed could have legally prevented the bankruptcy, but didn't do so either because of political concerns or a botched implementation of its game plan.' John B. Taylor, Mary and Robert Raymond Professor of Economics, Stanford University'The official narrative of any crisis is not always the most accurate. Professor Laurence M. Ball's authoritative account of Lehman's demise debunks the Fed's narrative of the calamity and raises uncomfortable questions about the Fed's inconsistent use of its discretionary authority. This captivating book should be required reading for anyone with a stake in preventing the next financial collapse.' Athanasios Orphanides, Massachusetts Institute of Technology'Ball supports his hypothesis with ample documentation. Whether readers come away convinced that the Fed made a grievous error in not being the lender of last resort to Lehman will probably depend on their view of the Fed. And even if future Fed leaders 'take the Lehman lesson to heart', they may be hamstrung in their actions.' Brenda Jubin, Talk Markets (www.talkmarkets.com)'Laurence Ball's new book The Fed and Lehman Brothers is an excellent book on the 2008 Financial Crisis ... This is a valuable lesson I have learned from Professor Ball's explanation of how the Fed could have saved Lehman. Merely by broadening the types of collateral accepted for cash funding from the Fed and maintaining the functioning of the repo market, the Fed can ensure solvent financial institutions being able to withstand the turbulence of financial crisis.' Seeking Alpha (www.seekingalpha.com)'The bank that precipitated the [financial] crisis was Lehman Brothers. In The Fed and Lehman Brothers, [Laurence M. Ball], a senior American economics professor, has written an entire book on this episode, based on a careful archival reconstruction of events. His findings are fascinating and significant, and so is his villain: not Lehman Brothers but the Federal Reserve.' Paul Collier, The Times Literary Supplement

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Book Description

This book will interest scholars and practitioners in economics, finance, accounting and law; all areas in which the Lehman bankruptcy has been a major controversy. It will also appeal to a broad audience who care about the causes of the financial crisis and the role of the Federal Reserve's leaders.

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Product details

Series: Studies in Macroeconomic History

Hardcover: 294 pages

Publisher: Cambridge University Press (June 7, 2018)

Language: English

ISBN-10: 1108420966

ISBN-13: 978-1108420969

Product Dimensions:

6.3 x 0.7 x 9.3 inches

Shipping Weight: 1.3 pounds (View shipping rates and policies)

Average Customer Review:

4.3 out of 5 stars

23 customer reviews

Amazon Best Sellers Rank:

#162,314 in Books (See Top 100 in Books)

Most people see the bankruptcy of the Lehman Brothers investment bank on September 15, 2008 as the event that turned a more or less normal recession into the Great Recession. Why didn't the Federal Reserve loan Lehman the funds that would have allowed the firm to survive long enough to gradually unwind its investments, find another financial firm to sell itself to, or, possibly, even survive long-term as an independent firm?Central banks were established to make loans to banks having liquidity problems. Banks are inherently illiquid because they borrow short term and lend long term. With commercial banks, the short-term borrowing mostly takes the form of deposits. Investment banks like Lehman borrowed short term by executing repurchase agreements (repos) with other financial firms. Repos are essentially overnight loans collateralized by securities such as Treasury bills.For decades, the Fed had been comfortable in its role of lender of last resort to commercials banks experiencing short-term liquidity problems caused by deposit withdrawals. In March 2008, as the repo market was experiencing problems, the Fed set up the Primary Dealer Credit Facility (PDCF) to also provide liquidity to investment banks. But Fed officials interpreted the Federal Reserve Act as requiring that loans the Fed made through the PDCF have sufficient collateral to make repayment likely.So why did Fed Chair Ben Benanke and colleagues allow Lehman to fail rather than make the loans that would have allowed the firm to deal with its liquidity problems? The party line has been that Lehman lacked sufficient collateral, which left the Fed's hands tied. Bernanke has made this point multiple times in the years since 2008; arguing that legally the Fed could not make the loans that would have saved Lehman. He also claims that he was fully aware that the failure of Lehman would be catastrophic for the financial system and the economy.Laurence Ball argues -- not to put too fine a point on it -- that Bernanke is lying. Ball marshals considerable evidence to show that Lehman easily had sufficient collateral to back the loans it needed to survive, at least long enough to gradually unwind its investments. He also shows that at that time Fed officials never discussed the possibility that they lacked the legal authority to make the loans. Amazingly enough, Ball also shows that Bernanke was barely involved in the final decision to let Lehman fail. He also argues that neither Bernanke nor other Fed officials realized how big a blow to the financial system Lehman's failure would be, despite their later statements to the contrary.In Ball's telling, the decision to let Lehman fail -- actually, to actively push the firm into bankruptcy -- was made by Treasury Secretary Henry Paulson. Legally, it was strictly the Fed's decision whether or not to make the necessary loans. But through force of personality, Paulson took charge of the negotiations and made the key decisions. After the Treasury and Fed had taken action the previous spring to underwrite J.P. Morgan Chase's purchase of the Bear Sterns investment bank -- thereby saving Bear from bankruptcy -- Paulson had come under fierce public criticism. He told Fed officials that he refused to become known as Mr. Bailout by taking action to save Lehman. If Lehman was to survive, other financial firms would have to save it.Ball tells an amazing tale, which, if it becomes widely accepted, will deal a heavy blow to Bernanke's reputation. It will be interesting to see if Bernanke, Paulson, or other Fed officials respond. Ball's evidence seems overwhelming, so I have a feeling none of those folks will attempt to dispute his conclusions.The book is largely non-technical; Ball explains simply and clearly the financial basics necessary to understand his argument. He writes well and the book is a fast read. If I have one complaint, it's that he doesn't appear to have made much attempt to interview any of the many people he writes about. Nearly his entire argument is based on publicly available documents. He does say that "half a dozen people with first-hand knowledge" spoke to him, but only off the record. Ball is an academic, not a journalist, so perhaps it's unsurprising that he apparently didn't attempt to get a response from the main players.Still, that's a nitpick because this is a compelling book. The financial crisis is the most significant economic event in the lives of most Americans. I would think that many readers will want to know the truth behind its key event. I hope this book gains a wide readership.

Johns Hopkins economics professor Laurence Ball has written an extraordinarily well-researched book on the demise of Lehman Brothers. At the very least he seriously questions the official response to the Lehman bankruptcy which states that Lehman was insolvent and lacked adequate collateral on September 15, 2008 and at maximum he completely debunks the Fed and the Treasury. Although I am not in the complete debunking camp, Ball has certainly changed my views on the subject.Specifically Ball calculates that Lehman was borderline solvent at the time of the bankruptcy filing. In my own view based on Ball’s numbers I would have them more in the insolvent category because of the way Ball values Lehman’s Level 2 assets. Be that as it may, Ball is convincing when he argues that Lehman had sufficient collateral for a loan under the Primary Dealer Credit Facility (PDCF) at the time of the filing and it certainly had the collateral when the requirements were eased two days later. Ball cogently argues that Maiden Lane rescue of Bear Stearns and the subsequent AIG rescue were far more risky for the Fed than a short-term loan to Lehman would have been.Then why didn’t the Fed at least temporarily bail out Lehman. To Ball it was pure politics with Treasury Secretary Hank Paulson leading the charge against any hint of a bailout. Put simply a Lehman bailout was viewed as politically toxic. And in fact, the consequences of letting Lehman go allowed the Congress to go forward with TARP and for the Fed to open the floodgate of cash under Section 13(3) of the Federal Reserve Act. A year later New York Times columnist wrote “Lehman Had to Die, So Global Finance Could Live” (September 11, 2009). Put bluntly the chicken had to die.Ball argues that if the Fed intervened and kept Lehman alive, at least temporarily, the deluge that followed would have been averted. Here I respectfully disagree. AIG was already a goner and the markets would have immediately turned their attention to the severe problems at Morgan Stanley and Citigroup. Clearly stated, there were too many toxic assets awash in the system. All bailing out Lehman would have done would have been to delay the inevitable, which in my mind would have been far worse.Ball’s encyclopedic sources include all of Lehman’s SEC filings, the Valukas report, testimony before the Financial Crisis Inquiry Commission, the books by Bernanke, Paulson and Geithner and Andrew Ross Sorkin’s “Too Big To Fail.” One failing is that he should have talked to Lehman’s CEO Dick Fuld. In my view Fuld was so full of himself that he refused to see the writing on the wall and held out for too high of a price in his failed attempt secure financing for Lehman in 2008. Further exacerbating the situation is that Fuld was hardly the most agreeable person around and likely rubbed his regulators and the other major firms the wrong way. In the interest of full disclosure I was a managing director at Lehman from 2000 – 2005.Ball’s book is very detailed and the writing leaves out the high drama of the situation making it very text bookie and slow going. Nevertheless the facts speak for themselves.

Outstanding account of the Lehman bankruptcy. The author persuasively argues that permitting Lehman to fail was a bad decision that adversely affected the US economy for many years and could have been avoided. The author shows that Ben Bernanke's purported rationale for failing to provide financial backing for Lehman when the repo market collapsed & Lehman was unable to obtain short term funding -- that he did not have legal authority and that Lehman did not have sufficient collateral -- are both false and that both rationales were concocted after the fact. Rather Bernanke seems to have been pushed into permitting Lehman to collapse by Henry Paulson, the Secretary of the Treasury, because Paulson was afraid of political backlash from both the left and the right for supposed "bailouts." The author parses through the evidence carefully and fairly and does not seem to have an ax to grind. His writing is clear and to the point. This book is a model for economic history.

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